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The Bank of England’s Monetary Policy Committee (MPC) has increased its quantitative easing programme by £50bn as it looks to shore up the UK’s ailing economy.
The Bank of England is expected to pump another £50bn of quantitative easing into the UK economy today, in a bid to tackle the latest downturn.
The Bank of England will this week pump at least £50bn into the economy, according to a report in the Independent.
Other quantitative easing articles
Unsecured lending to consumers fell the most in almost 20 years last month, the Bank of England (BoE) said, reigniting expectations it would authorise further asset purchases next month.
The Bank of England’s Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.
Bank of England governor Mervyn King last night backed calls for limits on boardroom pay, in a speech in which he also said the UK's economic recovery would be "arduous" and hinted at a further round of quantitative easing.
The Bank of England’s Monetary Policy Committee (MPC) has held fire on its quantitative easing (QE) programme and kept interest rates at their historical low of 0.5%.
Members of the Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold rates at their historic low and maintain the quantitative easing (QE) programme at £275bn - but they indicated more QE could be on the way.
Bank of England chief economist Spencer Dale has predicted inflation will fall to around 3% early next year and is confident the latest round of quantitative easing will prop up the economy.
The Bank of England (BoE) has kept interest rates at the historic low of 0.5% for the 33rd straight month, and held fire on additional quantitative easing measures after pumping an extra £75bn into the facility last month.
Eurozone leaders' struggle to stabalise the economic area by demanding tighter fiscal reforms is driving the governments of weak member states ot the brink. This and other news in our round-up of this morning's nationals.
The governor of the Bank of England has explained in detail his forecast that inflation to fall back to target levels over the next two years.
The risk of another UK recession is higher now than in recent months, according to Bank of England policymaker Martin Weale, who said he suspected the economy would contract in the final quarter of 2011.
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